Final Answer:
Given the following information, the net income is $2,500 for the month equa.The correct option is c) $2,500.
Step-by-step explanation:
Net income is calculated by subtracting business expenses and deductions from gross income. In this case, the given information does not provide specific values for gross income, business expenses, or deductions.
Therefore, we cannot directly determine the net income. Without the actual figures for gross income and deductions, we cannot perform the necessary calculation to arrive at a specific net income amount.
To calculate the net income, you would need to know the gross income for the month and subtract the total business expenses and deductions.
If the problem statement had provided these values, you could proceed with the calculation. However, since the information is not given, we cannot determine the net income accurately.
In summary, without the specific values for gross income, business expenses, and deductions, we cannot calculate the net income for the month.
Understanding financial statements is crucial for assessing the financial health of a business. Net income is a key metric that reflects the profitability of an entity. Analyzing income statements, balance sheets, and cash flow statements provides valuable insights into a company's financial performance.
The correct option is c) $2,500.
complete question is :
Income = Gross income - Business expenses and deductions. Given the following information, what does the net income for the month equal?
a) $500
b) $1,000
c) $2,500
d) $3,000